The IHS Markit Vietnam Manufacturing PMI jumped to 42.7 in May 2020 from a record low of 32.7 a month earlier, amid the success Vietnam has had in bringing the COVID-19 outbreak under control. Output, new orders, and employment all decreased at rates unseen prior to the current crisis, while there were particular reports of difficulties in securing new export orders. Manufacturers also continued to scale back their purchasing activity and inventories of both purchases and finished goods, though in each case to lesser extents than in April. Meanwhile, vendor delivery time lengthened markedly. Regarding prices, input costs fell for the second straight month, particularly due to lower oil prices; and selling prices were also cut to attract new business. Finally, confidence was still the second-lowest since available records began in April 2012 amid concerns that the impacts of the pandemic will linger.

Manufacturing PMI in Vietnam averaged 51.21 points from 2012 until 2020, reaching an all time high of 56.50 points in November of 2018 and a record low of 32.70 points in April of 2020. This page provides the latest reported value for - Vietnam Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Vietnam Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on June of 2020. source: Markit Economics

Manufacturing PMI in Vietnam is expected to be 46.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in Vietnam to stand at 52.00 in 12 months time. In the long-term, the Vietnam Manufacturing PMI is projected to trend around 50.90 points in 2021 and 50.10 points in 2022, according to our econometric models.

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Vietnam Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
42.70 32.70 56.50 32.70 2012 - 2020 points Monthly


News Stream
Vietnam Manufacturing Contracts for 4th Month
The IHS Markit Vietnam Manufacturing PMI jumped to 42.7 in May 2020 from a record low of 32.7 a month earlier, amid the success Vietnam has had in bringing the COVID-19 outbreak under control. Output, new orders, and employment all decreased at rates unseen prior to the current crisis, while there were particular reports of difficulties in securing new export orders. Manufacturers also continued to scale back their purchasing activity and inventories of both purchases and finished goods, though in each case to lesser extents than in April. Meanwhile, vendor delivery time lengthened markedly. Regarding prices, input costs fell for the second straight month, particularly due to lower oil prices; and selling prices were also cut to attract new business. Finally, confidence was still the second-lowest since available records began in April 2012 amid concerns that the impacts of the pandemic will linger.
2020-06-01
Vietnam Manufacturing PMI Sinks to Record Low
The IHS Markit Vietnam Manufacturing PMI plummeted to a record low of 32.7 in April 2020 from 41.9 in the prior month, amid strong negative effects of the coronavirus pandemic. Record falls were seen in output, new orders, employment, and purchasing amid company shutdowns and the cancellation of orders. Meanwhile, difficulties obtaining imported goods, material shortages, and issues travelling meant that suppliers' delivery times lengthened the most on record. Prices data showed input prices dropped for the first time in 16 months, and at a marked pace that was the fastest since September 2015, attributed to a lack of demand for inputs and lower oil prices. Meantime, output prices fell for the third month running, with the reduction being the steepest in the survey's history. Lastly, business sentiment turned negative for the first time since the survey began nine years ago, amid fears that the impact of the pandemic could last for a prolonged period.
2020-05-04
Vietnam Manufacturing PMI Drops to Record Low
The IHS Markit Vietnam Manufacturing PMI fell sharply to 41.9 in March 2020 from 49.0 in a month earlier. The latest reading pointed to the steepest contraction on the record in the sector, amid strong negative effects of the coronavirus pandemic. Output, new orders and employment all dropped at record paces. Firms also scaled back purchasing activity and inventory holdings, while severe disruption to supply chains was reported. Delays from Chinese vendors were mentioned in particular. Prices data showed input cost rose the least in four months, while output prices decreased sharply, and to the greatest extent since July 2012. Looking ahead, sentiment dropped to the lowest since this series began in April 2012.
2020-04-01
Vietnam Factory Activity Shrinks for First Time in Over 4 Years
The IHS Markit Vietnam Manufacturing PMI fell to 49.9 in February 2020 from 51.8 in January. This was the first drop in the manufacturing activity in over four years, as the sector was severely affected by the COVID-19 outbreak. Output fell at the fastest pace for over 6-1/2 years, while new orders shrank for the first time since November 2015, which was partially driven by a fall in export sales. Some survey respondents mentioned weaker order flows from China when explaining the fall in international business. Also, employment shrank for the first time in four months and was the fastest for over 6-1/2 years. Buying activity, in addition, dropped for the first time in over four years. On the cost front, shortages of necessary inputs led to a rise in cost burden. The rate of inflation was softer than that registering in January, however. Meanwhile, selling prices fell fir the first time in three months and modest. Lastly, confidence weakened to the lowest in series history.
2020-03-02

Vietnam Manufacturing PMI
The IHS Markit Vietnam Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 400 manufacturing companies. The Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.